Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles
Summary
Oracle cut about 21,000 jobs worldwide over the past year as it changes its business to focus more on artificial intelligence (AI). The company’s total number of full-time employees dropped from around 162,000 to 141,000, according to its latest annual report.Key Facts
- Oracle had about 141,000 full-time workers as of May 31, 2026, down from 162,000 a year earlier.
- The company says AI technology has caused job reductions and may continue to do so.
- Oracle spent about $1.8 billion in payments related to layoffs and reorganization, much higher than the $374 million the previous year.
- These cuts are part of a larger trend where major tech firms, including Amazon and Meta, are reducing jobs while investing heavily in AI.
- Oracle is investing in building data centers to support AI services like those for OpenAI and Meta.
- The company warned that the job cuts could cause temporary losses in productivity and affect earnings.
- Larry Ellison, Oracle’s co-founder and chief technology officer, is among the richest people in the world.
- Oracle plans to spend at least $50 billion this year on infrastructure to support AI technologies.
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